Experts in the financial sector have found cryptocurrencies to be a fascinating issue due to their potential as a more adaptable, lucrative, and private form of currency. It is an outstanding industry focused on the future and diversified into various sub industries.
There are many sub-industries within the cryptocurrency industry, including the DeFi, Meme, and GameFi industries. Massive funding and focus are likely to be directed toward these fields soon.
The Big Eyes (BIG) coin is predicted to generate 1000x returns and eventually displace existing meme coins. Big Eyes (BIG) is a new cryptocurrency that aims to facilitate the transfer of capital into the DeFi ecosystem more practically.
This article addresses the possibility that Big Eyes may be able to compete with cryptocurrencies such as Binance Coin (BNB) and Filecoin (FIL).
Read on to learn more about these cryptocurrencies and their unique features.
Binance Coin (BNB) – The Crypto Exchange That Keeps Growing
Binance is one of the leading cryptocurrency exchanges in terms of trading volume, and in 2017 they released a utility token called Binance Coin. Like a coupon, this newly released Ethereum-based ERC-20 token reduces the cost of trading cryptocurrencies on the Binance Exchange.
Binance Smart Chain, often known as BSC, is a blockchain designed specifically for use with decentralized applications, smart contracts, and cryptocurrency. This chain exists alongside Binance Chain, but it is not a second-layer solution or a sidechain because it functions apart from Binance Chain. The platform intends to be EVM-compatible, facilitating the smooth transfer of Ethereum-based projects to BSC.
The Binance Coin (BNB) is a utility token used on the Binance cryptocurrency exchange to cover various fees, including listing, exchange, trading, etc. The BNB Beacon Chain and the Binance Smart Chain are powered by Binance Coin (BNB); however, they operate independently.
Filecoin (FIL) – The Decentralised Storage Solution
In 2017, the crypto community was introduced to Filecoin (FIL), an open-source, decentralized file storage and sharing network that allows users to rent out unneeded storage space in a secure ecosystem.
This protocol, in contrast to others, is designed to serve as either a medium of exchange or a framework for creating decentralized applications. Due to its lack of central control, anybody can access and utilize the network.
Users can create stateful applications on this platform by using smart contracts. When unavoidable circumstances related to market operations, proof verification, spending tokens, and so on are met, this platform executes user-defined actions.
Filecoin operates as IPFS, which stands for the InterPlanetary File System, and is a peer-to-peer network for storing and distributing data files and providing incentives and security. The blockchain and the native cryptocurrency, FIL, are integral to this protocol.
For their services, storage providers can earn units of the FIL cryptocurrency. Proof that storage providers are properly keeping files and transactions to send and receive Filecoin (FIL) is held in a distributed ledger called the blockchain.
Big Eyes (BIG) – The Community That Want To Save Environment
BigEyes (BIG) is a community-focused, decentralized coin that was created to cultivate a community capable of supporting itself financially and improving the DeFi sector.
The Big Eyes cat is the inspiration for this utility meme coin, which attempts to provide attributes such as longevity (referencing the cat’s nine lives) and simplicity (using the cat’s playful temperament).
Users will have access to more events and opportunities to earn tokens thanks to the Big Eyes team’s implementation of a Non-Fungible Token (NFT). The token aims to create a blockchain environment that will benefit society and stand out from the competition.
The organization plans to use NFT to open up new resources and activities for its audience. It intends to differentiate itself from other meme cryptocurrencies by providing a self-propagating environment and having its own distinctive features and uses applicable to real-world situations.
To find out more about this new meme coin project, see the links below:
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.